What term describes an organization's commitment to compliance by management, employees, and contractors?

The appropriate term for describing an organization's commitment to compliance by management, employees, and contractors is the Code of Conduct. A Code of Conduct serves as a foundational document that outlines the ethical principles and compliance standards that everyone associated with the organization is expected to uphold. It establishes the organizational culture regarding compliance and ethics and illustrates how the organization approaches legal, ethical, and compliance obligations.

It provides guidance to all stakeholders, emphasizing the importance of compliance not just as a legal requirement, but as a fundamental aspect of the organization's values and operations. The Code of Conduct typically includes principles related to integrity, fairness, respect, and the importance of following all applicable laws and regulations. It is a crucial component of a robust compliance program as it sets clear expectations and promotes a culture of compliance throughout the organization.

In contrast, the other choices do not encapsulate the overarching commitment to compliance in the same way. The Federal Sentencing Guidelines provide a framework for measuring compliance program effectiveness but do not serve as a commitment statement. A Compliance Charter outlines the roles and responsibilities within a compliance program but is not a comprehensive articulation of commitment. An Ethical Standards Document may provide specific ethical guidelines but lacks the holistic view of organizational commitment that a Code of Conduct conveys.